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23 S Harris Avenue Indianapolis, IN $ 209,900
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$ 209,900 Get more info
23 S Harris Avenue
$ 209,900
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23 S Harris Avenue

Indianapolis, IN, 46222
$ 209,900
Bedrooms-- Baths0.0

Monthly Estimate*

$ 1,450

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Multi-Family Home for sale in Indianapolis, IN

for $209,900. This home was built in 1910 on a lot size of 0.11.

Investors and house hackers, welcome to 23-25 S Harris Ave-a turn-key, updated side-by-side duplex on Indianapolis' rapidly developing near-west side! Unit 23 is currently rented at $1,265/mo on a month-to-month lease, providing immediate income, while Unit 25 is vacant and move-in ready-ideal for an owner-occupant looking to offset their mortgage with rental income or an investor ready to place their own tenant. With both sides offering nearly identical layouts and finishes, Unit 25 should support a similar rent of approximately $1,265/mo, bringing projected total gross rents to $2,530/mo. Once fully occupied, the property is projected to perform well above the coveted 1% rule, making it an especially compelling option for cash-flow-focused investors. Landlord expenses are kept low with all utilities separately metered and paid by the tenants. Just 10 minutes from Downtown Indy, IU Indianapolis, four major west-side hospitals, the Indianapolis Motor Speedway, and near the new Elanco Global HQ, White River State Park, and Indy Zoo. Both units feature modern updates including durable LVP flooring, carpet upstairs, updated kitchens with white shaker cabinets, and central heating and air. Unit 23 offers 3 beds/1 bath, while Unit 25 features 3 beds/1.5 baths. A covered front porch adds classic 1910 character, while key improvements include a roof estimated at approximately 5 years old. A flexible opportunity for immediate income, house hacking, or long-term portfolio growth. Professional management is already in place and can remain if desired.

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Multi-Family Pending

Price

$ 209,900

Property Type

Multi-Family

Taxes

$ 4,852

Style

Traditional

Lot Size

0.11

Year Built

1910

Town/City

Indianapolis

County/Region

Marion

MLS | Web ID

22113487
Features
General
Heating Forced Air
Cooling Central Air
Possession Subject To Tenant Rights
Roof Asphalt
Architectural Style Traditional
Year Built 1910
Tenant Pays All Utilities
Township Wayne
Levels Two
Property Subtype Duplex
Tax Year 2025
Current Use Apt<20
County Marion
New Construction N
Property Type Residential Income
Subdivision Name Carpenters Home Place
Status Pending
Directions GPS Friendly
City Indianapolis
High School District Indianapolis Public Schools
Number Of Units Total 2
MLS Area 4909 - Marion - Wayne
Lot Size Square Feet 4835
Current Financing Conventional
Property Condition Updated/Remodeled
Standard Status Pending
Tax Lot 170
Legal Description Carpenters Home Place 4th Sec L170
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Interior
Basement (Y/N) Y
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Exterior
Lot Size Acres 0.11
Waterfront Y/N N
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* Excluded Features
List By
Keller Williams Indpls Metro N

Broker

peter@peterstewartrealty.com

Email

Affordability Calculator

$1,854
Per Month
78%
22%
0%
Monthly Principal & Interest
$1,450
Monthly Property Taxes
$404
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4044905 Elementary School
4044909 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
8/19/2026 $209,900 -2.33% Price Down
7/22/2026 $214,900 Listed Price

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23 S Harris Avenue, Indianapolis, IN, 46222 is a Multi-Family Home for sale at $209,900 with a lot size of 0.11. 23 S Harris Avenue has 0.0 baths and was built in 1910. The property's zip code is 46222 which is in Indianapolis, IN

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